Appointment of Administrators

Millfield Group PLC
04 July 2006

Millfield Group plc

Sale of Businesses: Appointment of Administrators - Completion of sale

Millfield Group plc ("Millfield") announces that the sale of the business and
assets of Millfield Partnership Limited ("MPL") and of the share capital of Sage
Financial Services Limited ("Sage") to Bates Investment Services Limited and its
parent company, The Money Portal Plc, has been completed under the binding heads
of agreement announced on 26 June 2006.  The Financial Services Authority has
approved the change of control of Sage.  Details of former MPL advisers who have
transferred to Bates Investment Services Limited will be on the FSA website
within the next 24 hours.

Michael Jervis and Dan Schwarzmann of PricewaterhouseCoopers (Tel: [phone]
5000) have been appointed as Administrators of a number of Millfield's
subsidiaries and are expected to be appointed in respect of Millfield itself
within a few days.  It is not anticipated that there will be any return of
capital to shareholders.



Contacts:

Millfield Group Plc       Alan Easter                         020 8604 2600
Financial Dynamics        Louise Dolan / Andrew Waterworth    020 7269 7192/
                                                              07771 740 484








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